From riches to rags: Perrin fraud trial continues

The ex-wife of former surfwear giant Matthew Perrin will return to the stand today to continue giving evidence in his fraud trial.

The former Billabong CEO is facing fraud and forgery after he allegedly faked his wife’s signature on paperwork to obtain credit.

The former solicitor and his then-wife Nicole Bricknell made a fortune from their investment in the surfwear brand in the 1990s.


Perrin allegedly used their Surfers Paradise family home on Cronin Island as security to gain $13.5 million credit from the Commonwealth Bank.

The trial was temporarily halted yesterday when Ms Bricknell broke down in the stand and began hyperventilating when she was giving evidence.

Bricknell insists she had no knowledge of the documents, and did not give Perrin permission to sign her name.

Perrin is denying the charges.